10 Sports Betting Mistakes Every Fan Should Avoid

Over 70 Ranker voters have come together to rank this list of 10 Sports Betting Mistakes Every Fan Should Avoid
Voting Rules
Vote up the biggest rookie betting mistakes.

Thanks to the internet, sports betting is the biggest – and easiest – it's ever been. Whether it's taking part in a fantasy football league or filling out a bracket for March Madness, there's plenty of ways to get involved. But for those who are serious about putting money down on sports, there's a few things you should never do. 

Rookie sports betting mistakes are common, but fortunately, they are easy to avoid. If you want to know how to bet on sports successfully, you have to invest your time as wisely as your money. Luckily, sites like MyBookie make it simple to discover sports betting strategies that work. Plus, they offer a signup bonus for new users. Follow this guide to learn how to start sports betting without making those beginner mistakes. 

  • 1
    22 VOTES

    Backing Your Team No Matter What

    If there's one strategy experts warn against even more than perpetually betting on the favorite, it's always betting on your team. Not that you should never bet on your team, especially if you know them inside and out. But doing it all the time is sentimental and reckless. Ultimately, if you can't be objective, you shouldn't be betting at all. Don't let emotion rule your decision-making when it comes time to place that wager. 

    22 votes
  • 2
    17 VOTES

    Not Knowing Your Strengths

    One common problem in sports betting is trying to do too much at once. Having multiple bets going at once is okay, but having money on every sport possible is foolish. There's a difference between playing the odds and being reckless, and to understand that difference, you also have to know your strengths. After all, you probably know certain sports better than others. Fortunately, MyBookie make it easy for you to find the right spread. 

    17 votes
  • 3
    17 VOTES

    Chasing A Loss

    Every sports gambler has been there. You're looking good, the odds are in your favor, and then everything turns to crap. While it's tempting to keep going when this happens, don't try to push through. Chasing a loss is never a good idea in sports betting. It's hard to accept defeat, but when you chase a loss, you usually end up losing a lot more.  

    17 votes
  • 4
    20 VOTES

    Betting Too Much

    This is another piece of advice you'd think is obvious, but it often proves to be the bettor's downfall. If you keep track of your money and use value-betting, you should be fine. If you don't do those things and come in hot with a lot of money right off the bat, you're probably going to get screwed.

    That's not to say that you should never engage in high-stakes betting. The key is to know how much you have and how to use it, so you don't end up writing checks your book can't cash. 

    20 votes
  • 5
    14 VOTES

    Failing To Track Bets

    It sounds obvious, but you'd be surprised how often this happens. Even if you're just starting out, make sure your bankroll is in order. Know how much money you have, no matter how big or how small the sum. Keep track of what you bet on every game, especially if you're going to up the ante. The great thing about online gambling sites is they can help you stay on top of this, so you're less likely to operate at a loss as you move forward.

    14 votes
  • 6
    13 VOTES

    Betting On Impulse

    The flip side to thinking too much before placing a bet is not thinking at all. People might tell you to go with your gut, but going with your head is the safer bet. Don't change your bet at the last minute because of a funny feeling or superstition. Trust your instincts, but don't be supernatural about it. Impulse betting, like emotion-fueled betting or alcohol-fueled betting, is for beginners begging to have their money taken away. 

    13 votes